§ 41-02-03 — (2-103) Definitions and index of definitions

1. In this chapter, unless the context otherwise requires:
a. "Buyer" means a person who buys or contracts to buy goods.
b. Reserved.
c. "Receipt" of goods means taking physical possession of them.
d. "Seller" means a person who sells or contracts to sell goods.
2. Other definitions applying to this chapter or to specified parts thereof, and the sections
in which they appear are:
a. "Acceptance". Section 41-02-69.
b. "Banker's credit". Section 41-02-42.
c. "Between merchants". Section 41-02-04.
d. "Cancellation". Subsection 2 of section 41-02-06.
e. "Commercial unit". Section 41-02-05.
f. "Confirmed credit". Section 41-02-42.
g. "Conforming to contract". Section 41-02-06.
h. "Contract for sale". Section 41-02-06.
i. "Cover". Section 41-02-91.
j. "Entrusting". Section 41-02-48.
k. "Financing agency". Section 41-02-04.
l. "Future goods". Section 41-02-05.
m. "Goods". Section 41-02-05.
n. "Identification". Section 41-02-49.
o. "Installment contract". Section 41-02-75.
p. "Letter of credit". Section 41-02-42.
q. "Lot". Section 41-02-05.
r. "Merchant". Section 41-02-04.
s. "Overseas". Section 41-02-40.
t. "Person in position of seller". Section 41-02-86.
u. "Present sale". Section 41-02-06.
v. "Sale". Section 41-02-06.

w. "Sale on approval". Section 41-02-43.
x. "Sale or return". Section 41-02-43.
y. "Termination". Section 41-02-06.
3. "Control" as provided under section 41-07-06 and the following definitions in other
chapters apply to this chapter:
a. "Check". Section 41-03-04.
b. "Consignee". Section 41-07-02.
c. "Consignor". Section 41-07-02.
d. "Consumer goods". Section 41-09-02.
e. "Dishonor". Section 41-03-59.
f. "Draft". Section 41-03-04.
4. In addition, chapter 41-01 contains general definitions and principles of construction
and interpretation applicable throughout this chapter.